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Which of the following accurately reflects a recent change to the court system?
Asset
Resources owned or controlled by a business, expected to produce future economic benefits.
Accounting Period
A specific period of time used for financial reporting, typically a quarter or year.
Trial Balance
A Trial Balance is a report that lists the balances of all general ledger accounts at a specific point in time, utilized to verify the total debits equal total credits in the accounting system.
Monthly Basis
Refers to events, measurements, or calculations that occur or are determined every month.
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